Credit Suisse Believes Charles Schwab (NYSE: SCHW) Still Has Room to Grow

By Ryan Adsit

Credit Suisse analyst Craig Siegenthaler maintained a Buy rating on Charles Schwab (NYSE: SCHW) yesterday and set a price target of $64. The company’s shares closed yesterday at $55.39, close to its 52-week high of $55.52.

According to, Siegenthaler is a 5-star analyst with an average return of 10.8% and a 72.4% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Virtus Investment Partners, and Huntington Bancshares Inc.

Currently, the analyst consensus on Charles Schwab is Strong Buy and the average price target is $60.67, representing a 9.5% upside.

In a report issued on January 8, Jefferies also reiterated a Buy rating on the stock with a $59 price target.

Charles Schwab’s market cap is currently $74.22B and has a P/E ratio of 35.51. The company has a book value ratio of 4.8691.

Based on the recent corporate insider activity of 155 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2017, Walter Bettinger, the President & CEO of SCHW sold 168,220 shares for a total of $8,259,602.

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The Charles Schwab Corp. is a holding company, which engages in the provision of financial services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment includes retail and corporate brokerage and retirement plan services.